BTU International Acquires AtmoPlas(TM) Technology and Research Organization from Dana Corporation.NORTH BILLERICA, Mass. -- BTU Btu: see British thermal unit. International, Inc. (Nasdaq NM: BTUI), a leading supplier of advanced thermal processing equipment for the electronics manufacturing This article presents a typical manufacturing process of an electronic assembly. Component manufacturing Components such as resistors, capacitors and integrated circuits are generally made by specialized contractors. and energy generation markets, today announced that it has acquired the AtmoPlas(TM) technology and research team from Dana Corporation. The financial terms of the acquisition were not announced. The AtmoPlas process makes possible a new method of heating components where microwave energy is used to create a plasma at atmospheric pressure atmospheric pressure or barometric pressure Force per unit area exerted by the air above the surface of the Earth. Standard sea-level pressure, by definition, equals 1 atmosphere (atm), or 29.92 in. (760 mm) of mercury, 14.70 lbs per square in., or 101. . Typically, plasma is generated under low pressure or vacuum, adding substantial complexity and cost to the equipment. The ability of AtmoPlas to operate without a vacuum offers several significant advantages compared to conventional microwave processing. The acquisition provides BTU with a strong intellectual property position with 27 patents and filings in plasma processing Plasma processing is a plasma-based material processing technology that aims at modifying the chemical and physical properties of a surface. Plasma processing techniques include:
"We envision that after further development this technology will provide thermal processing solutions which could significantly affect processing flexibility, cycle time, equipment footprint and throughput in the electronics, energy generation, as well as other applications," said Paul J. van der Wansem, BTU chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This acquisition also significantly broadens our thermal technology portfolio," said van der Wansem. "This is part of the company's long-range strategic initiative to acquire products and technologies that will meet the future processing needs of our customers. We added infrared technology for the solar market with the recent acquisition of the product lines of Radiant Technologies Corporation (RTC See real time clock. ) and we continue to strengthen our position with the addition of the AtmoPlas research team and technology." About BTU International BTU International is a market-leading supplier of advanced thermal processing equipment to the electronics manufacturing and energy generation markets. BTU manufactures reflow (1) The process of heating and melting the solder that has been screen printed onto a printed circuit board in order to bond chips and other components to the board. Surface mount chips (SMT) use the reflow method. Contrast with wave soldering. See also reflowable text. furnaces for printed circuit board assembly as well as for wafer-level packaging and die-level packaging. BTU also provides thermal process equipment for the solar cell, fuel cell and nuclear fuel industries. BTU, with headquarters in North Billerica, MA, operates worldwide with direct sales and service offices in the USA, Asia and Europe. Information about BTU International is available on BTU's website at www.btu.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 This news release contains express or implied forward-looking statements regarding, among other things: (i) the ability of the AtmoPlas technology to become a commercially viable method of heating/processing parts, (ii) the marketability of AtmoPlas technology and (iii) the degree to which the AtmoPlas(TM) technology is compatible with BTU's existing technologies and markets. Such statements are made pursuant to the "safe harbor" provisions established by the federal securities laws, and are based on the assumptions and expectations of the company's management at the time such statements are made. Important factors that could cause actual results to differ include the timely availability and acceptance of new products, general market conditions governing supply and demand, the impact of competitive products and pricing and other risks detailed in the company's filings with the Securities and Exchange Commission, including but not limited to the company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2005. Actual results may vary materially. Accordingly, you should not place undue reliance on any forward-looking statements. All information set forth in this press release is as of June 1, 2006, and, unless otherwise required by law, the company disclaims any obligation to revise or update this information in order to reflect future events or developments. |
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